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SPS Commerce SPSC Incurred deferred costs

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Other financials

Income statement

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Revenue$192.1M+5.8%
Gross profit$132.9M+6.6%
Operating income$24.6M-5.4%
Net income$19.7M-11.1%
EPS (diluted)$0.53-8.6%

Balance sheet

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Cash & equivalents$154.3M+62.5%
Total debt$6.6M-46.0%
Total equity$962.2M+4.5%
Total assets$1.2B+4.7%

Cash flow

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Operating cash flow$55.6M+39.1%
CapEx$7.1M+16.1%
Free cash flow$48.5M+43.3%

Valuation

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Market cap$2.04B-58.8%

Profitability

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Gross margin69.3%+1.6pp
Operating margin15.3%+0.5pp
Net margin11.9%-0.2pp
FCF margin21.9%+0.9pp

Returns & leverage

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Return on equity9.7%-0.5pp
Debt / equity0.0×
Current ratio2.1×+0.5×

Where this comes from

Reported directly by SPS Commerce in its filing.

Tagged under the XBRL concept spsc:DeferredCostsIncurred.

The official record: SPS Commerce’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPS Commerce's incurred deferred costs?
SPS Commerce (SPSC) reported incurred deferred costs of $21.51M in Q1 2026.
How has SPS Commerce's incurred deferred costs changed year-over-year?
SPS Commerce's incurred deferred costs decreased by 24.8% year-over-year, from $28.62M to $21.51M.
What is the long-term trend for SPS Commerce's incurred deferred costs?
Over 4 years (2021 to 2025), SPS Commerce's incurred deferred costs has grown at a 10.2% compound annual growth rate (CAGR), from $64.08M to $94.63M.
What does incurred deferred costs mean?
Represents the total costs capitalized during the period that are directly associated with obtaining or fulfilling customer contracts. These costs are deferred to be recognized as expenses over the expected period of benefit rather than immediately. Tracking this metric helps investors understand the company's investment in customer acquisition and long-term service delivery efficiency.